@Yooni Choi managing from out of state (OOS) with ZERO previous landlord experience - probably won't go well.You WILL make a lot of mistakes that will cost you money.

.: I would focus more on how good of a deal it was vs how little it cost.

@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Is there a quick way to estimate what those other costs will be monthly to make sure my calculations are accurate?

Does anyone have a template or method that they use in order to screen tenants effectively in order to reduce the risk of non payment and damage to the property? 

•Not necessarily, but renters might hesitate if flood insurance is high and that cost is factored into rent.

Most investors on this forum are obtuse to the complicated nature of macroeconomics, cause and effect.

Does anyone know when this went into effect?

With closing costs, housing costs, agent commissions, my HELOC costs, I estimated about $20-$30k profit, depending on sale price.But, now I am thinking this would be a great BRRRR to learn those ropes as well!

I will use a lower-cost QBO alternative, like Xero.